In this article, the first of a series, Homer Moyer discusses the growing importance for corporate board members to be conversant with developments in international anti-corruption law and in the administration of the U.S. Foreign Corrupt Practices Act (FCPA). The article discusses implications of recent enforcement trends and what steps members of corporate boards of directors and audit committees can take to reduce risks for their companies, and themselves. According to Moyer, recent developments underscore the importance of board members' keeping themselves informed and independent. This series will examine escalating "best practices" in compliance, shifts in enforcement patterns and penalties, the changing international legal landscape, and practical steps that directors and audit committees may wish to consider to reduce the risk of an FCPA violation.
Click below to access each of the articles in this series.
The Global Transformation in Laws Against Foreign Bribery
Board Oversight of FCPA Compliance
To Disclose or Not To Disclose--A Recurring FCPA Question
Costs of FCPA Investigations -- A Board Issue?
Becoming an FCPA-Savvy Director